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NBC
Nov 27, 2012 11:00am PST
cliff. we have tracie potts with details from washington. >> reporter: today, president obama meets with small business leaders. a new white house economic report warns if tax breaks go away, the average middle class family will owe uncle sam $2,200 next year. >> middle class families should see an extension of the tax cuts. >> reporter: some republicans who have been dead set against raising taxes on anyone now hint they may consider other options. >> we have been open to revenue by closing loopholes as long as it is tied to spending cuts and pro-growth tax reform that broadens base. >> you don't raise rates. you cap the amounts of eitemize deductions. >> reporter: america is borrowing too much money trying to keep social security and medicare afloat. >> there will come a point in time where we can't borrow anymore money and interest rates will sky rocket. >> this congress is already one vote away from avoiding the fiscal cliff. >> reporter: and no word yet on when the next white house meeting will happen. tracie potts, nbc news, washington. >>> thank you. the governor of new york says
MSNBC
Nov 27, 2012 2:00am PST
their deductions? close loopholes? or raise their tax rates? today president obama meets with small business leaders continuing his push for higher taxes for the wealthy. a new white house economic report warns if tax breaks go away, the average middle-class family will owe uncle sam another $2,200 next year. >> it seems to be the thing that we can all agree on, that middle-class families should see an extension of these tax cuts. >> reporter: some prominent republicans who have been dead set against raising taxes on anyone now hint they may consider other options. >> we've been open to revenue by closing loopholes as long as it's tied to spending cuts and pro-growth tax reform that brudens the base and lowers rates. >> you don't raise rates, you just cap the amount of itemized deductions that taxpayers -- it hits the wealthy. >> reporter: the bottom line, republicans say americans borrowing too much money trying to keep medicare and social security afloat. lawmakers with the fix-the-debt coalition meet here tomorrow. >> there's going to come a point in time where we can't borrow an
NBC
Nov 27, 2012 4:00am PST
compromise. today president obama meets with small business leaders continuing his push for higher taxes for the wealthy. a new xhous economic report warns if tax breaks go away, the average middle class family will owe uncle sam another $2200 next year. >> it seems to be the thing we can agree on, that middle class families should see an extension of these tax cuts. >> reporter: some prominent republicans dead set against raising taxes on anyone now hint they may consider other options. >> we've been open to revenue by closing loopholes as long as it's tied to spending cuts and pro growth tax reform that broadens the base. >> you don't raise rates. you cap the amount -- it hets the wealthy. >> reporter: the bottom line, americans are borrowing too much money trying to keep medicare and social security afloat. lawmakers with the fix the debt coalition meet here tomorrow. >> there's going to come a point in time where we can't borrow anymore money and interest rates are going to skyrocket. >> this congress is already one vote away from avoiding the fiscal cliff. >> one vote could ke
NBC
Nov 27, 2012 4:30am PST
from washington. >> reporter: today president obama meets with small business leaders, continuing his push for higher taxes for the wealthy. a new white house economic reports warns if tax breaks go away, the average middle class family willow uncle sam another $2200 next year. >> it seems to be a thing that we can all agree on, that middle class families should see an extension of these tax cuts. >> reporter: some prominent republicans who have been dead set against raising taxes on anyone, now hint they may consider other options. >> we've been open to revenue by closing loopholes as long as it's tied to spending cuts and pro-growth tax reform that broadens the base and lowers rates. >> you don't raise rates, you just cap the amount of itemized deductions of taxpayers. >> reporter: the bottom line is america is borrowing too much money trying to keep medicare and social security afloat. >> there's going to come a point in time we can't borrow any more money and interest rates will skyrocket. >> this congress is one vote away from avoiding the fiscal cliff. >> reporter: one vote with
MSNBC
Nov 27, 2012 9:00am PST
obama is meeting with president elect -- the president elect of mexico today and they're going to talk about a number of issues but certainly the war on drugs affects boarder relations. you say that the mexicans effectively say why stop at legalizing pot? legalize all of it. >> and just this morning, the president-elect of mexico said in advance of this meeting with obama, that he thought we needed to have a broad rethinking of mexico's participation in the war on drugs and to think about alternative first principles. i think that richard is right there will be a kind of long-term political question here, but there's also a very real and present diplomatic question. we have a whole bunch of countries south of the border that are sick of putting in their own lives, their own people's lives, to keep a product expensive for american users to get and so i don't think that legalization of hard drugs or the transit of drugs is on the table but i think there could be some rebalancing we could see and what we expect mexico to do, what we expect guard mall la to do and provide them. >> it
CNBC
Nov 27, 2012 1:00pm EST
. >> indeed it does. welcome to "power lunch." it is a fiscal cliff faceoff. president obama meeting with small business leaders at the white house this afternoon to make his case for higher taxes ahead. we will also go to the home state of a kai player in tey pl talks. >>> the chevy volt struggling to work with car makers aed car buyers. why is general motors doubling down with its big bet in electric and has it jumped its sales? >>> facebook stock up 10% in the past week and 30% the past two months. has it finally turned a corpser? >>> speaking of corners, we have switched corners, tyler, the gentleman that he is, is braving you the snow and the ice in new york city and he is down on the floor of the new york estock exchange. >> a mucky day. not since 2008 has it been so high. more evidence the housing recovery is taking root. prices rising in the big cities but a warning we may head into a recession next year if the u.s. and europe don't solve their fiscal messes. right now the dow industrials a built of a breather down 21 points. >>> meanwhile, 34 days to the fiscal cliff. will a deal
NBC
Nov 27, 2012 6:00am PST
today that president obama meets with small business leaders. what does the white house think will happen to the middle class if that deal isn't reached? >> reporter: well, the white house is concerned about the spending power of the middle class. they came out with a report yesterday that essentially said consumer spending is going to take a $200 billion hit if we don't get away from this fiscal cliff, if we don't pass these tax rates. in other words, the extra $2200 that they calculate every middle class family is going to have to pay in taxes next year is $2200 less that they'll have to spend and boost the economy. >> exactly. everyone might turn a little more conservative with their spending, at least this holiday season. whose side do you think the public is on? >> reporter: well, it depends on who you ask. now, there is a new survey out that says 65% of the public agrees with republicans saying we shouldn't raise tax rates, we should instead close up these loopholes and limit tax deductions. but keep in mind the winston group is also headed by david winston, who's a gop opera
CNN
Nov 27, 2012 2:00am PST
we haven't seen the congressional leadership and president obama meet since november 16th. now there were staff discussions over the thanksgiving holiday. they don't seem to be as productive as some people had hoped, as you said, we are now 35 days until the fiscal cliff. what we do know, though, is that president obama did reach out to house speaker john boehner. he is the republican, the senate majority leader harry reid the democrat over the weekend, perhaps to try to jump-start the talks. as of now, as the house of representatives comes back today, as the senate came back yesterday, we're still very much in limbo on the fiscal cliff. >> here's something else we know. some major republicans have come out and they say that they don't feel bound by the americans for tax reform pledge. most recently we saw house majority leader eric cantor. do you believe more republicans will stick by this? >> what we're finding out right now zoraida is that there's a little bit of coming to jesus moment about how to fix the fiscal cliff. for republicans perhaps it is going to be higher taxes.
CNBC
Nov 27, 2012 12:00pm EST
. eastern. president obama meeting with small business leaders to talk about the fiscal cliff and economy. we'll go to the home state of one of the main congressional leaders involved in the talks. general motors doubles down on electric. is this a losing bet for the company? up to $500 million is all up for grabs in tomorrow's powerball lottery. we have some sound advice, investment advice for the lucky winner. hopefully it will be scott or one of the "fast money" guys. back to you guys. >> thank you so much. green mountain reports earnings after the close tonight. the sthook on a run lately, but is one of the most debated on the street. herb greenberg is here with what you should expect later this evening. i know you watch this as close as anybody does. it's a stock that's done quite well of late. new ceo being named. maybe he's going to be on the call or not because it's not technically the ceo. >> i don't think the company can aafford a bad quarter. >> can it ever? >> in this case really. last quarter the stock spiked after the company announced earnings and talked about how well they
MSNBC
Nov 27, 2012 12:00pm PST
back or double miles on every purchase, every day! what's in your wallet? >>> president obama meets at the white house this hour with mexi mexico's president-elect. there's plenty to discuss, but at top of the list according to the white house immigration reform. president obama won more than two-thirds of the latino vote. the administration believes that should be a wake-up call for republicans to get on board with a bill about the border. a new abc news poll shows a majority of americans support a path to citizenship for illegal immigrants already on u.s. soil. is this issue finally fertile ground in washington? let's spin about it. i don't think we can eliminate or separate the immigration discussion from the drug war, which stretches across the united states and mexico. part of the immigration discussion and the drug war wrapped up in this fear of, you know, drugs, violence, poor folks participating and escaping from the drug war coming here. america is slowly moving against the war on drugs. it's kinld of amazing to see this movement. we see colorado and washington creating a very
CNN
Nov 27, 2012 11:00am PST
. he'll be meeting with the president, president obama, next hour. fernando del rincon is with me. president elect here has said repeatedly that, you know, he doesn't want to as much focus on security and the drug war, that it is really the economy, right, in deepening economic ties with the u.s. that is his priority. >> yes, absolutely. that's correct. there is a really interesting numbers out, we can talk about, and why he thinks economics is the main topic. and that's what he's trying -- >> why? >> -- to turn around. let's think about this, the general secretary says mexico will grow 3.8% in his economy this year. now, talking about 2013, growing 3.6%. 2014 will be 3.6%. that's a much more than we expect from u.s. and europe. now, one of the topic is energy. the president is focusing a lot on energy. so what is u.s. looking for? energy also. president obama said that several times that we want -- we need to be efficient in terms of energy. that would be a door that would open a lot of opportunities for mexican government in terms of bilateral relationships and growth in terms o
MSNBC
Nov 27, 2012 11:00am PST
investigation of the deadly attack in the consulate in benghazi. in an hour president obama meeting with mexico's president-elect at the white house to discuss border security, immigration and trade. we'll get a preview. a record powerball jackpot soars higher for tomorrow night's big drawing. we'll tell you how much it's worth now. it's a story around the "news nation" for you. check out the tumblr page. you find behind the scenes pictures. we have to update the picture, because today -- tomorrow they reveal the big tree. that scaffolding is no longer up. we'll take a new picture and have it updated for you in the break. oh, let me guess --ou see this? more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. prego?! b
FOX News
Nov 27, 2012 8:00am PST
cliff president obama is taking his case to small business owners from across the country, meeting with more than a dozen at the white house, looking to avoid a year-end tax hikes and spending cuts. republican leaders will meet with a bipartisan group of former members of congress as list leaders as well as both sides hold the line on taxes. >> i'm willing to put revenue on the table to pay down debt and create a better economy but my democratic friends have to reform entitlements. what will make us greece is not raising taxes. what will make us greece is not fixing medicare, medicaid and social security. jon: white house press secretary jay carney says president obama will not give on extending current tax rates on wealthy americans. on entitlements carney says the president is open to changes except when it comes to social security. >> the president has long made clear that he is open to discussions about strengthening social security as part of a separate track. jon: so is the u.s. economy heading for a plunge over the fiscal cliff? with us now, associate editor and columnist fo
CBS
Nov 27, 2012 7:00am PST
intelligence committee. >> margaret, thank you. >>> president obama meets with small business owners today to promote his solution to the fiscal cliff. the deadline is now 35 days away. the president is holding more events tomorrow and friday. "new york times" reports this morning that a budget deal could reduce the tax deduction millions pay on their mortgage interest. nancy cordes is on capitol hill. good morning. >> reporter: good morning to you, charlie, and norah. the president and house speaker john boehner spoke by phone over the weekend. top aides in the house and senate tell us that negotiations at this point are just taking place between the president's staff and speaker boehner's staff. that's because any deal that involves raising tax revenue is going to face its biggest challenge in the republican-led house. top republicans returning from thanksgiving recess urged the president to make the first offer in fiscal cliff negotiations. and they expressed a new openness to raising tax revenue, if democrats agree to make cuts to strengthen medicare and medicaid. >> elections come and go
NBC
Nov 27, 2012 5:00am PST
wednesday president obama will meet with other top ceos. futures meantime are flat this morning, stocks slipping back on monday. the s&p 500 index snapping a five-day winning streak. investors continue to watch those budget talks in washington. meantime, we are expecting today to get some data on demand for durable goods, home prices and consumer confidence. the dow slipping back below 13k losing 42 points to 12,967. the nasdaq edging up nearly 10 to 2976. and i would do a campaign not to vote for marissa mayer for "time" person of the year. remember when we had the head of amazon on the cover of "time" back in 2000. i think there's a little jinx in that. a little like the si jinx. so don't vote for her. >> fair enough. no on mayer, that's our position. bertha koomcoombs, thank you mu >>> remember we were talking about that new nintendo wii gaming system last week. they temporarily sold out of them after the first week. it doesn't have a whole lot of competition. there's no new playstation or xbox out so it's the only thing out there really. >> it's the hot thing right now. >> i
CNN
Nov 27, 2012 1:00pm PST
here in washington to meet with president obama. but first he sat down with me for an exclusive interview today. you're going to hear his strong words over the so-called fast and furious gun smuggling operation. and the powerball jackpot reaches half a billion dollars. [ male announcer ] this single scoop of gain gives more freshness than a whole box of this other stuff... and that much freshness is gonna take some getting used to... [ sniffing ] yep. it's amazing what a single scoop of gain freshness can do. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car replacement. if your car is totaled, we give you the money to buy one a model year newer. call... and ask one of our insurance experts about it today. hello?! we believe our customers do their best out there in the world, and we do everything we can to be there for them when they need us. [car alarm blaring] call now and also ask about our 24/7 support and service. cal
MSNBC
Nov 27, 2012 3:00pm PST
welcome a meeting with obama rice and seemed ready to mend fences. >> is there anything ambassador rice can do to change your mind about it? >> sure. she can give everyone the benefit of explaining their position and the actions they took and i'll be glad to have the opportunity to discuss these issues with her. >> senator mccain promised he'd give ambassador rice the chance to explain how her initial comments on the attack were based on talking points provided by the intelligence community. but apparently they still don't like her answer. here's what ambassador rice had to say about what actually happened today. she said, quote, we explained that the talking points provided by the intelligence community were incorrect. the intelligence assessment has evolved. we stressed that neither i nor anyone in the administration intended to mislead the american people and the administration updated congress and the american people as our assessments evolved. it's is that simple. that's the truth of what happened following the attacks. but republicans are trying to gin up a scandal and spin t
CNN
Nov 27, 2012 6:00am PST
. president obama will meet with mexico's president-election today. pina-nieto who will be sworn in in four days has a message saying u.s./mexico relations need to go beyond drugs and security concerns. on his list, deeping ties with the u.s. >>> jill kelley will lose her title as honorary consul according to the deputy foreign minister of south korea. it comes after a new york businessman accused kelley of trying to use her honorary position to solicit positibusin. that position carried no official responsibility. >>> another long island power authority executive is resigning. the utility has come under severe criticism for its handling of restoring power after superstorm sandy. the vice president of media relations and a member of the board of trustees are leaving their post. >>> big retailers like walmart are rushing to clarify their links to a garment factory in bangladesh that caught fire over the weekend. more than 100 people were killed. more than 200 others injured. thousands of protesters in bangladesh have taken to the streets demanding a full investigation into what happened
MSNBC
Nov 27, 2012 8:00am PST
campaign. live pictures of the white house are president obama will meet today with 15 small business owners. the first of a series of meetings this week as the administration puts the pressure on congress to make a deal. the "washington post" reporting the talks are accelerating between president obama and top congressional leaders, including john boehner who was on the phone with the president over the weekend. the white house's pr campaign is being buoyed along by warren buffett who is voicing support for tax hikes for americans just like him. >> i think it would have a great effect in terms of the morale of the middle class who have seen themselves paying high payroll taxes, income taxes and then watched guys like me end up paying a rate that's below that, you know, paid by the people in my office. >> joining me now is wisconsin's republican senator ron johnson. senator, it's great to have you with us this morning. and as we talk about what's taking place in washington, d.c. right now, the million dollar question is all concerns around senators lindsey graham, saxby chamb
NBC
Nov 27, 2012 7:00am PST
obama's choice for the next secretary of state is meeting with key lawmakers today on capitol hill. u.n. ambassador susan rice will try to explain her initial incorrect comments about the deadly september attack on the u.s. consulate in benghazi, libya. rice will be accompanied by the acting cia director as she meets with her toughest republican critics, including arizona senator john mccain. >>> now let's head to wall street and cnbc's mary thompson at the new york stock exchange for us. mary, good morning. >> reporter: good morning to you, natalie. investors likely to applaud the latest lifeline for greece. finance ministers helping the country avoid bankruptcy. still that deal could be delayed by governments who are just tired of coming to greece's rescue and president obama meets with small business owners as part of a week long effort to drum up support for his plan to help the country avoid the fiscal cliff. back to you. >> mary thompson at the new york stock exchange, thank you. >>> actress halle berry's ex-boyfriend was granted a restraining order following a thanksgiving day fi
FOX Business
Nov 27, 2012 4:00pm EST
right, well, president obama is meeting with small business leaders today to garner support for his plan to deal with the debt. this following a meeting yesterday with the white house officials and small business owners. one entrepreneur in attendance was carol coughlin, she is founder of bottom line growth strategies, and she joins us now. what does your company do? >> well, we are growth advisers. we work with growing companies in the mid atlantic area to provide, to help them grow profitably and sustainably. david: okay. and the fact is because you've got a lot of offices around washington, there has been growth there even though the general economy is growing at anemic levels. how did the white house find you? how did their folks find you? >> i believe they were looking for businesses in the area that were growing or that were in the news, and that's how they found me. david: okay. did you meet with the president or not? >> we did not. we met with a number of advisers at the white house. david: for example? >> um, business outreach group, immigration, hhs, omb -- david: did you
MSNBC
Nov 27, 2012 10:00am PST
president-elect of mexico to meet with president obama. he called him earlier in month to con the gragratulate him the victory. he will also meet with congressional leaders. the fiscal cliff is looming pending whatever words you want to use to get it done, but the new congress, republicans know immigration reform is a priority. let's see what comes out of that meeting tomorrow. i would assume the mexican president will push president obama to get it done. president obama wants to get it done. he wants to keep the sort of onus on republicans to get something done. that, i think, will focus us a little bit on immigration reform, maybe a slight move off the fiscal cliff for a few hours tomorrow. >> in fact, i think the meeting actually starts this afternoon, so i misspoke on that. they might have wanted not to it talk about the drug war, but they have this horrible assassination now of the death of the mayor a fighter against the cartel and already lost her husband. it goes on. >> absolutely. i would say, andrea, always with these meetings you get to talk about what you want to talk
CNN
Nov 27, 2012 9:00am PST
president takes oath of office he meets with president obama at the white house. nieto wants to talk about trade, manufacturing, energy deals between mexico and the united states. wolf blitzer sat down with him for an interview a couple of hours ago. more on that in a bit. mexico's president-elect wants to update the conversation between his country and the united states. he's talking about the drug wars, security, immigration, all of those things on the agenda. millions of people in both countries are affected by the decisions that he and president obama make and it's time to redirect the relationship. how do they do it? cnn contributor ruben navaret. you wrote a to-do list for both leaders. what does the new president of mexico, what does he need to do? >> right. i think, suzanne, one of the thing his needs to do is reframe the relationship and redefine the paradigm. the case that mexico comes to the was asks for certain things, recently for $1.4 billion in funding under the initiative to help fight the drug war. i think the conversation needs to turn around and mexico needs t
Current
Nov 27, 2012 6:00am PST
plan that president obama plans to nominate her for secretary of state. she will meet with other lawmakers later this week. president obama has been unwaiving in his support of her calling republican attacks on her outrageous. >> according to official announcement, the president of mexico and the president plan to talk about economic development and bored concerns. while there is no second sit down scheduled for the president and congressional leaders he did speak to john boehner and harry reid over the weekend about avoiding the fiscal cliff. the president will meet with small business owners today. tomorrow he meets with middle class americans who would be affected by tax hikes and more business leaders. friday he's going to travel to hatfield pennsylvania where he will give campaign style remarks to get support for congress to negotiate the right kind of deal. we are back with more steph after this. ♪ [ ♪ theme ♪ ] >> announcer: ladies and gentlemen, it's the "stephanie miller show." ♪ >> yahoo, it is the "stephanie miller show," welcome to it. 1-800-steph-1-2 toll fre
FOX News
Nov 27, 2012 2:00am PST
. >>> it's that simple. >> president obama is going to meet with the carefully selected group of business leaders to get their input. how the republicans will do the s same. there will be little room for compromise. >> they once again urged the senate to pick up the house passed bill extending the hacks breaks for millionaires and billionaires. as president the senate has considered this bill. we jeekted it on a bipartisan basis. it was load down in this congress. >> republicans are looking for some willingness on the part of the white house to cut spending or maybe tackle big costly entitlement problems for medicare and medicaid and social security. is there time fov the big fix in place before we reach the fiscal cliff before the end of the year. >>> thank you doug. time for a look at what is talking. another big talker this morning the growing situation in egypt. following a cease fire between israel and gaza president mohammed moresy is granting himself sweeping power causing a major firestorm. >> that move sparking four-days of violent protests in cairo and across the countr
CBS
Nov 27, 2012 12:00pm PST
senator john mccain says she requested the meeting. afterwards, rice issued a statement saying the talking points the intelligence community gave her were incorrect and that at no time did she or anyone in the obama administration intend to mislead the american people. the white house worked to reinforce that tuesday. >> ambassador rice has no responsibility for collecting, analyzing and providing intelligence. >> reporter: acting cia director michael morrell joined rice's capitol hill meeting to help her field questions. danielle nottingham cbs 5. >>> president obama is making a public case this week for his approach to avert the "fiscal cliff." he is meeting today and tomorrow with small business owners and middle class families and he will visit a small business in pennsylvania on friday. negotiations with republicans continue behind closed doors. a democratic senator says his side is willing to discuss reform of medicare and medicaid. >> the math just doesn't work anymore. not because the programs are bad but because thank goodness we're living longer. >> republicans are signal
CNN
Nov 27, 2012 8:00am PST
bring with it more than $500 billion in tax cuts and spending cuts. mr. obama is in meetings with small business owners from across the country today. he is not, however, meeting with leaders of congress today. our dan lothian is watching the comings and goings at the white house. and at some point, dan, congress is going to have to either come together on this and work with the president on this, and yet we're seeing all these various different meetings all around the communities and the country. it looks like there's a particular strategy that's playing out when it comes to the president right now. >> reporter: that's right. a lot of negotiations have taken place in the staff -- on the staff level. the president himself did speak with speaker john boehner on the phone over the weekend. there was that meeting with the lawmakers, the leadership just before the president went overseas on his southeast asia trip. but so far, no additional meetings that we know of on the schedule for the president to sit down with congressional leadership to try to hammer this out. i can tell you that i sp
MSNBC
Nov 27, 2012 6:00am PST
war in mexico and the u.s. role in it. a key focus of the meeting between president obama and mexico's president elect pena nieto. the merida initiative began under george w. bush and then mexican president calderon as an aid program to help mexico disrupt drug cartels and improve law enforcement. the u.s. helped train federal police and sent equipment to mexico including helicopters and patrol planes. the results, though, have not been encouraging. going back to the end of 2006 when president calderon ordered a massive crackdown, one paper estimates more than 57,000 people have been killed in violence linked to organized crime and the drug war. other estimates reached 60,000. that figure includes scores of police, local officials, journalists, innocent bystand s bystanders. 84% of the municipalities have been affected by drug-related violence. in the spring of 2010 secretary of state hillary clinton visited mexico city and admitted the u.s. is part of the problem when it comes to fueling the country's $29 billion a year drug trade. >> we know that the demand for drugs drives much of t
FOX Business
Nov 27, 2012 11:00am EST
had a big meeting with president obama. he is back. he will be talking with cheryl and dennis coming up. did he get the answers that he was looking for? dagen: tracy byrnes is coming on. she will talk about taxes. we cannot wait for that. ♪ cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening a restaurant specializing in fish and me from the great northwest. he'll start investing early, he'll find some good people to help guide him, nd he'll set money aside frm his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. is what drives us to broadcast the world's biggest events in 3d, or live to your seat high above the atlantic ocean. it's what drives us to create eco-friendly race tracks, batteries that power tomorrow's cars, nearlyndestructible laptops, and the sustainable smart towns of the future. at panasonic, we're driven to make what matters most better. just another way we're engineering a better world for you. dagen: at noon eastern market
FOX Business
Nov 27, 2012 1:00pm EST
thanksgiving weekend sales were small business saturday related. president obama is meeting with small business owners at 2:30 p.m. eastern time to make his case for his fiscal cliff plan. that is the latest from the fox business network, giving you the power to prosper melissa: so even if lawmakers and the white house do reach a deal to raise tax rates on the nation's top income earners will that significantly cut into our nation's huge debt problem? check this out for some context. during the 201 fiscal year, it costs nearly $9.7 billion a day to run the federal government. oh. the additional revenue from ending the bush-era tax cuts would average $82 billion a year. so that is enough money to run the government for eight and a half days. lori: cue outrage. >> well, the math is very simple. all we have to do is figure out the other 357 days. i don't see what the big deal is. lori: got to be spending cuts, right? this is the crux of the matter. taxes are frustrating and i understand your point but can't come without cuts. >> we've been talking about the fiscal cliff for a very long ti
CBS
Nov 27, 2012 4:30am PST
meet with people regarding the libya killing. >> reporter: ambassador susan rice suggested that the benghazi attack was spontaneous violence. the obama administration later said it was a terrorist attack. rice heads to capitol hill today to meet with three of her harshest critics senators john mccain, lindsay graham and kelly ayotte. mccain now willing to hear her side of the story. >> i will be glad to meet with her and listen to her positions and justification for her comments but i'm -- i'm very unhappy with her performance. >> reporter: graham is also looking forward to hearing from rice. >> there will be a lot of questions asked of her about this event and others. >> reporter: ayotte told cnn that rice's staff contacted her about the meeting. she believes it will focus on rice's, quote, representations of what happened at benghazi. rice is considered a top pick to replace secretary of state hillary clinton who said she will leave her post when a replacement is found. mccain, graham and ayotte all said they would block any effort to advance rice if she is nominated. i'm ed payne
FOX
Nov 27, 2012 6:00am PST
schedule and whether we are closer to a deal. >>> they are meeting with small business owners to find out about tax cuts to be extended. president barack obama has not met with congressional leaders since it before the thanksgiving break and no other meetings have been planned yet. the white house is welcoming comments on tax increases on wealthier americans. >> some of the tax increases are welcome and they represent what we hope is a different in tone and approach to these problems. >> but time is running out to strike a deal for spending cuts that kick in as part of the so called fiscal cliff are now just 35 days away. allison burns, ktvu channel 2 morning news. >>> well a new study finds part of the bay area have higher invasive amounts for the western part of the state. the northern part of alameda county and a section that runs between san mateo and alameda counties. breast cancer rates were 10 to 20% higher than the state average from 2000 to 2008. breast cancer rates have long been a concern in marin county. >>> they are looking into whether the man accused of killing a police off
PBS
Nov 26, 2012 6:00pm PST
? >> suarez: and that's the newshour for tonight. on tuesday, we'll look at the white house meeting between president obama and mexico's president-elect enrique pena nieto. i'm ray suarez. >> brown: and i'm jeffrey brown. we'll see you online and again here tomorrow evening. thank you, and good night. major funding for the pbs newshour has been provided by: >> bnsf railway. macarthur foundation. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsored by macneil/lehrer productions captioned by media access group at wgbh access.wgbh.org >> this is n.b.r. >> susie: good evening everyone. i'm susie gharib. new estimates show going over the fiscal cliff could cost the economy, the equivalent of four times what shoppers spent over black friday weekend. >> tom: i'm tom hudson. it's cyber monday, and shoppers
Current
Nov 27, 2012 3:00am PST
this one meeting between obama and the top congressional leaders before thanksgiving -- >> bill: right friday -- >> everything is down at the staff level. the principals aren't meeting yet. it is up to the staff to hammer out framework before anyone puts numbers on the table. >> bill: boehner as speaker isn't going to handle all of this himself. he'll delegate the responsibility to -- >> they haven't really shaped who is going to take the lead on negotiating yet. if we're going to have a working group like we did with the debt ceiling but you do have the top republicans including paul ryan from the budget committee. you'll have dave camp from ways and means and fred upton are all sitting in on the daily leadership meetings so they're all on the same page as far as the fiscal cliff goes. >> bill: for ryan, you've been writing about this, for ryan, this is a chance to maybe show some leadership and maybe pull off a deal. how does he approach it? we know what a hard liner he is, given the two budgets that he put forward and the two budgets that the house republicans all voted for. >> ryan
CSPAN
Nov 27, 2012 10:00am EST
at the white house today, president obama is meeting with small business owners. at 12:30, jay carney will hold a press briefing and take questions from reporters. this afternoon, the president and vice president will meet with the mexican president who takes office december 1. the press briefing today at 12:30. on capitol hill, the house of representatives returns today at 2:00 p.m. eastern on their agenda this afternoon five bills including a measure requiring the department of a homeland security to report on security. later this week, a student visa program. also this week, the democratic leadership elections. that will be coming up later this week. live coverage of the house at 2:00 p.m. eastern. a number of senators have been meeting with u.n. ambassador susan rice in the wake of her comments following the attack on the benghazi consulate. just wrapping up is a brief news conference and statement with senators. here is a look. >> i had a very candid ambassador rice embassador ric and the deputy director of the cia. [inaudible] she said if it was a spontaneous demonstratio
PBS
Nov 27, 2012 12:00am PST
, we'll look at the white house meeting between president obama and mexico's president-elect enrique pena nieto. i'm ray suarez. >> brown: and i'm jeffrey brown. we'll see you online and again here tomorrow evening. thank you, and good night. major funding for the pbs newshour has been provided by: >> bnsf railway. macarthur foundation. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsored by macneil/lehrer productions captioned by media access group at wgbh access.wgbh.org
MSNBC
Nov 27, 2012 2:30am PST
the meeting. acting cia director michael morrell will accompany rice during today's meeting, fueling speculation that the ambassador is topping president obama's list to replace secretary of state clinton. some say the president could announce his choice this week. >> i'm still holding out. i think it may be jill kelley who gets the nod. >>> a new report says the assad regime received help from russia as international sanctions are beginning to cripple the syrian economy. eight round-trip flights between moscow and damascus delivering more than 200 tons of, quote, bank notes into syria. u.s. and european sanctions include a ban on syrian currency in an attempt to slow the violence that's killed thousands of people. syria and russian officials have so far not responded to the reports. >>> overseas tens of thousands are rallying today in cairo's tahrir square protesting what they view as a blatant power grab by president mohamed horsey. with tensions mounting yesterday, morsi appeared to soften his controversial attempt to award himself near absolute power above the reach of the law. i
CNBC
Nov 27, 2012 4:00am EST
continue to bring you those comments as we get them. now, the white house says president obama called john boehner and harry reid this weekend on efforts to avoid the fiscal cliff. the "washington post" reports boehner plans to have some house republicans meet with erskine bowles. so what's it all mean? paul dale joins us for more. are you very concerned, not at all concerned? >> a little bit concerned. there's still a good chance we'll reach a deal before the end of the year. a deal whether be done to overt the fiscal cliff. the tricky part is the second part of the deal. averting the cliff is relatively easy. the second part is putting in place a medium term plan to really soft problems. >> of course especially with the dell ceiling looming, in your view, does it matter whether the deal is reached through spending cuts or tax increases? >> from an economic point of view, no. i just want to see that deficit can down to something that's much more stable. at the moment, in the cliff is averted, u.s. debt could spiral up towards 90% of gdp, which would bring around some problems. we wan
SFGTV2
Nov 27, 2012 4:00am PST
department of transportation in 2009 by president barack obama. he has over see the disbursement throughout the country through the american reinvestment act and has done so meeting every milestone established by that act. getting money into hands of transit operators whose budgets were severely strained by the worse economic downturn since our great depression. please welcome fta administrator peter rogof. [applause] >> well thank you mayor lee and let me just say as the federal transit administrator it's great to be in a federal transit city. as many people know a rail connection was promised to the people of union square and chinatown going on two decades. they made that promise because this quarter is the most densely populated quarter in the entire western united states that doesn't have an adequate rail connection and that promise was made because we have the opportunity here to cut the commute for tens of thousands of people everyday in half by this investment. the vast majority of the people don't own a car. they depend on transit. well today through president obama's lea
FOX News
Nov 27, 2012 3:00pm PST
secretary geithner it go and others. instead, president obama is utahing this critical week to meet with the ceos from small and big business and middle class taxpayers before boarding air force one on friday for campaign style rally in the philadelphia area. >> rather than sitting down with lawmakers of both parties an working out an agreement, he is back on the campaign trail. we are not going to this problem creating villains and drumming up outrage. >> he will be out trying to i'm sure zero in on those states that are represented by members of the house and the senate. to try to get public support. >> republicans quickly moved to set up their own photo ops with the small business leaders. the white house said g.o.p. complaints about the president's schedule was the time for talks dwindling was disparaging to ordinary americans. >> it seems like the talks broken down. am i wrong? >> i think you are wrong. it's not just a matter for discussion between the president and the senate minority leader. or other congressional leaders. >> only inside the beltway do people think that sitting in
FOX Business
Nov 27, 2012 5:00pm EST
, president obama ups the ante on fiscal cliff pressure meeting with small business owners from all walks of live at the white house today. the million dollar question? what will be the real impact on small businesss? with me now, straight from that meeting in a fox business exclusive is the cofounder of book to the roots, an urban mushroom farm growing gourmet business. wow i have to ask yyu a lot about that because i don't understand that. i will ask you first, what happened at the meeting? what did you guys talk about and what was the response you got. >> yeah, thanks for having me on. it was an incredible opportunity. it was really fun room. cool to see the energy and passion in the room. it was 15 small business owners along with the president and i think he asked us to share our stories and how we got to where we are today. he kind of explained a little bit about his vision for the economy and where he thinks it is going. and thoughts about what is top of mind for us about the economy. melissa: so what did you say and did you feel like he listened to you and was going to take
MSNBC
Nov 26, 2012 4:00pm PST
for the young people to pay enough in payroll taxes to meet the needs of people in their 70s and 80s. >> obama care is going to be the law of the land. if we have universal health insurance, if anybody is covered, you can raise the retirement age for medicare. then you can have a system where you can go up to 70 years old. if the republicans cooperate and really force a system of health care exchanges, these health care superstores where you have real competition and you can drive down the premiums that are charged to individuals and small businesses. i mean, we have a real opportunity here. this is a great moment and, you know, i congratulate the senator for the pioneering work that he's done on this issue in the past. >> you know, we have to go but, senator, i want to congratulate you for voting for simpson/bowles. you and people like dick durbin, i have tremendous respect for you to stick your neck out and say something a lot of politicians won't do. it isn't perfect, but it's where we have to go. thank you so much for coming on. senator tom coburn, who, again, my kids seem to lov
CNBC
Nov 27, 2012 6:00am EST
from its thanksgiving break today. the senate was back yesterday. meantime today president obama will be meeting with small business leaders. at issue of course is the series of tax increases and spending cuts that kick in at the end of the year if congress doesn't act. >> there will come a point in time where we can't borrow anymore money and interest rates will sky rocket. >> cnbc's raise above campaign continues. we're asking who has the courage to rise above partisan politics and find a solution. among our guests, three men who understand washington, wall street and corporate america very well. we have the chairman of president george w. bush's council of economic adviser, ed lazear, roger altman, and real estate tycoon don peebles. but let's cover this morning's top headlines. >>> we do have a lot in the corporate headlines this morning including equity residential and avalon bay communities agreeing to buy archstone from lehman brothers holdings. the price tag, about $6.5 billion in cash and stock. the deal gives lehman cash to help pay its creditors as it liquidates. but i
CNBC
Nov 27, 2012 2:00pm EST
minutes' time, small business leaders will meet with members of the obama administration. what are they gonna do? they are going to try to tackle the looming fiscal cliff. so, when it comes to cutting spending, the big questions are where and just how much? ammanoffers is on capitol hill, you have been looking at all the options, lay it out for us. >> so much of the sound and fury in this debate has been over taxes and tax cuts and where that side of equation is gonna go but don't forget, entitlement spending and discretionary and defense spending are going to be a big part of the solution to this. senator dick durbin today suggested that medicare, medicaid and social security ought to be taken off the table for the fiscal cliff covers this year. so where are they going to find these spending cuts? it's going to be kind of painful. take a look at what simpson boles proposes that is sort of the jumping off point for a lot of this debate. they say in the year 2015 going to have $372 billion worth of savings in their plan and start on the defense side, you can see why some of this is
CSPAN
Nov 27, 2012 5:00pm EST
cliff negotiations. should entitlements not be on the table? >> at the meeting with the floor leaders, president obama said social security is not part of what we're going to do on this. i agree with him. there are things -- i personally believe there thinks he can do with entitlements that don't are beneficiaries. but i'm not going to negotiate this with you other than to say we hope they can agree to the tax revenue we are talking about and that its rate increases. as the president said on a number of vacation, we are happy to do with entitlements. >> conventional wisdom on a fiscal deal as it has to include revenues and cuts. you've made clear how you feel about revenues. with the first thing on the list to cut? >> remember, we've done more than a billion dollars worth of cuts. we need to get some credit for that in these negotiations that take place. [inaudible] -- any deal includes taking the debt ceiling off the table and also guarantees on the discretionary level -- [inaudible] >> on first about the day feeling, we would be somewhat foolish to work out something on stopping us
CSPAN
Nov 27, 2012 7:00am EST
. president obama will be talking about his plan to avoid the fiscal cliff today when he meets with small business owners today and middle-class families tomorrow. tomorrow, having to a philadelphia suburbs talking about increasing taxes on the wealthy in and extending tax cuts for middle-class families. those are some of the latest headlines on c-span and radio. >> of 16 or 17 basis, we have a military-run schools. the average cost per child per year is $50,000, almost four times what the rest of public education costs. when the vast majority of our bases, we use public schools. we could take the money we're spending today in and pay every public school system $14,000 per child and save billions of dollars per year with the same or better outcome. >> this weekend, you can talk with oklahoma senator tom coburn about the fiscal cliff, the affordable health care act, in the future of the gop. he has written several books and reports including his latest, "the debt bomb." medical doctor, author, and senator tom coburn live at noon eastern on "booktv" "in depth on c-span 2. cox host: fo
FOX
Nov 27, 2012 4:00am PST
have fewer risks. talks between president obama and congressional leaders continue behind closed doors. they are attempting to reach a deal through a series of meetings before automatic cuts and tax hikes go into effect at the end of the year. the president wants tax breaks for 98% of americans and 97% of small businesses, while raising taxes on the wealthy. most republicans remain against tax hikes and want to cut spending on social programs such as medicare and social security. however, the latest tone out of washington is encouraging. "as thomas jefferson said, and this is a quote, 'we should not put off tomorrow what we can do today.'" "the only balanced approach is one that includes real and lasting reforms, so republicans have stepped out of our comfort zone." in the latest manueverings, the obama administration points out the typical american household will pay $2,200 in additional taxes next year, which could hurt consumer spending by $200 billion in 2013 and threaten christmas shopping this season. house speaker john boehner and a few other key republicans appear willing to co
FOX News
Nov 26, 2012 4:00pm PST
that house republicans are planning to meet with ceos up on the hill a day after tomorrow. >> top ceos and top fiscal experts two weeks after president obama essentially did the same thing. the ceos of etna inc., honey well international and irskin bowles are amongst those scheduled to attend. half the bowls simpson deficit planned and laid out own formula to save $2 trillion. it is clear republicans like his ideas which would generate $800 billion in revenue through tax reform. meanwhile so much tax reform about allowing the bush tax cuts to allow the wealthy tox expire cost $9.69 billion a day to run. estimated additional revenue from allowing the bush tax cuts to expire would generate an average of $82.4 billion a year. so the money saved would run the government for 8 and a half days, shep. >> shepard: mike emanuel live in our newsroom. warning from the white house tonight. it says americans who may do less holiday shopping this year because they are worried about possible tax hikes in january. if we do go off the cliff, the white house is predicting more serious consequences
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